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<br /> i 'y'(X}�1�1�IER W'11�1 �ll tha improiemcs�4: iww �c heraaftee er:,,:t� on :ha propertp. and all esvemetste, =
<br /> � �ppututuncea,�n�tirturea now or heroatter�part af thn pmperty. All roplacementa�nd�dditinn.9 shall�Iso ho cova�ed _
<br /> � by this Socurity lns:rumcnt.All af tha tora�uln�ie roterro�to m this Sxur�ty tr�tromeat as the"Yroprrty" _
<br /> BORRO�V�.R CUVTiNANTS t2ut Bnrrower Is l�wfully aeisec!at the oetau hereby canveyed and hsv the ri�At to
<br />.;, �rant and cc�nr•ey t�a Yrupert;�nd that the{'roperty io wuncumberod,except tor encumbrancea ot record. B�rraaer
<br />'_'� uarrsnts uu!wil!dstued�enerilly the titlo w the 1'roperty oQ�inst a1l claims and dem+u�ds,subjoct ta�s�y encumbrancae -
<br /> af record.
<br /> THIS SECURITY INSI'RUMf'sNT camDiruw uniform covenant�far nadonal ume uid non-uniform oove�nts with =
<br />:. � limited veri�tions by jurisdIcti�n to const;tuto a unif�rm s�curity instrument caverin�real property. _
<br /> j UNIFC)RI�'4 C:OVI'iNAN7'S.Borrower:su!l.erukr carenant nnd n�ree as fallows:
<br /> � 1.P�yment at Princip�l�nd Ioterest;Praaaymeat�ad Late Char�cs. Borrower ahall promptiy p�y whan due
<br />- tho principal ot�nd inurest on the dobt evidencod by tho Nou Ynd any piepayment and I�te char��due under the Note. -
<br /> 2. Fuads fos T�xes�nd Insuraace, Subjxt to�p�licable law ar to�written waiver by L.enckr,Borrower shall
<br /> p�y to I.ender crt the day monthly paym�nts u�e due wtider the Not�,until the Note ie piid in tull,a sum('Funds")for.
<br /> (a)yeuly taxes and asaessmenu which moy�ttain prioriry aver thie Socurity Insuument�s a lien an the Pcoperty;(b)
<br /> yearly leasehold paymenW or�round renta on!he Praperiy.it any: (c)yearly luztrd o�progerty inswar.ce premiume;
<br /> � (d)yeuly flood iaswance premiuma,it u►y;(e)yar�y mort�t�e inswanco pcemiums,if any;�nd(f)�ny sums payablo
<br />__ by Borrow�r to Leader,in accordaaoc with thc provisions ot para�siph 8,in liw o!thc paym�nt ot mort�i�e insurancc
<br /> � pramiume.Th�ae items are ctllod"Escrow Itema"Laider m�y,Rt�ny time,collect and hold Fwtids in sn amount not
<br /> to oxceed the maximum �mount a lender tor a tedu�ly rdated mortga�e Iwn m�y cequira for I3oreower a esem�v
<br /> � account under the foder�l Re�l Fstato Settlement Procaiwes Act ot 19T4 a9 amended from time to timo, 12 U.S.C. -
<br /> _ Sectiou 26p1 e2 seq, ("RESpA'),unless another l�w th�t ippliea to the Funds sets a lesser amount.If so.Leada'may,
<br />-- at any time.wllect uid hold Funds in an amount not to oxoeed the lesse:amount.Lender may estimate the amount ot
<br />_� Funds cfl�cm tlu basis ot curnnt data aad rea3otuble estimaua of expenditures ot future fiscmw It�me or otherwise in
<br /> �ecn�„M��rh��,t;�,t,tn law.
<br />�� 'The FLnds stull be held in sn institution whc,se deposits ue insured hy a foderal a�ency,instrumentality,ur etlti4y
<br />°� (including t�.ender,ii Lender ie such an institution)or in any Fedecal Home Loan Bank.Lender shall apply the Funds to
<br />— . pay the Fs�erow Iteme. Lender niay not charQe BorroWar for holdinE and�pplying the Funrls. annually aiulyzin�the
<br /> - escrow accouat, or verifyiag the F�crow Items,unless Lender paya Borrower�nterest on tho Funds and applicabie law
<br /> permita Lender to malce such a c'sarga However, Lender may require Borrower to p�y a one-time chu�e for an
<br />— �ndepen�ent real estate tax repartin�servioo usad by Y.ender in connection with this loan,unlGSS applicable law provides
<br /> _ ' otherwise.Unlese an agreement is made or�pplicable law requir�s interest to be paid,I.ender sha11 not be reqwred to
<br />— pay Borrower any inurr.st or earniags on the Funds. Borrower and Lender msy�gree in writing�however�that intercst
<br /> = shsli be p:id on*..he Funds. I.ender s�all pve to Borcower,without cb�arge,an annual +coounting of the Fuads�showinE
<br /> # cra2its ar�debits to the Funda snd the purpose for w�ich each debit w tho Fus�ds was made.T'ho Funds are plal�ed as
<br />� additional security for all sums exurod by ttus Security Inatrument.
<br /> — If the Funds tula by Lender excood the sa►ounts Pd'mittod to t�e held by applicsble law,I.en�r shall�ccount tn
<br />— Bornower ior the e:ass Funds in accordu�a a-itti the requirements of applicable Isw.I!the amount ot the Fuads held
<br />— by I�der at any time is not sutficitat to piy the E9crow Itoms when due,Lender m�y so aotify Borrower in writing,
<br /> and�in such case Borrowar sha!!ps�to l.end�r the amount nxeseary to make up the deticieacy.Borrowu ahsll saalcs
<br /> up tbe deticieacy ia no more thaa t+:elve montlily payments.at I.essder's aole discretioa.
<br /> . . .. -----••___s._� n..
<br /> ._. UPon P�yment i�a#u�t ot W s��ns securo6 Dy tAia�urizY insaumwi,I.enaer aa�:��.��Y.��•o•i•,..�.,..r:v'"�
<br /> aay Funds held by I.a�der.1f, tutide�' p�nBraPh 2l. I.ender shall acquire or se11 the!'roperty. I.esider. Pri�r to the
<br /> ac•quisition or sale of tho Property,sha11 apply anY Fuads Deld�by Leador at the time of scquisition c,r sale as a crodit
<br /> against tho sums secured by ttus Soc�.rity Instrument.
<br />— 3. Applicstioa ai Payments.Unless applicable law provides otherwise.all p�yments rxdved by Lender under
<br /> para�taphs 1 and 2 sksl]be�ppliod:iirst,to aay prepymeat charges due under the Tote;secoad,to amouats p�yablo
<br /> yader piragriph 2;tleird,to interest due:fourtfn,co princip�l duc;and 1ast.t,o any late char�ea due u�td�r the Note.
<br /> 4. Char�w; Liems.Borrowa sha]1 p�y all tues,as�sments.charges,fines aad impos►tiaas attributable to the
<br /> property which m�y stt�in priorfity ova this Security Instrument,usd l�hold p�pmente or grouad reats, if snq.
<br /> Borrower stn11 pay these obli�zioos in the manner provided in pvagnpb 2. or if na¢paid in that manaet.Borro�ver
<br /> � sh�ll pay them oa tim�diroctlp t,o the persoa owed p�ymait.Borrower shall promgt�}r�urniah to I.eades all notices of
<br /> amouata to be paid uader t.�ia Pur+Er+Ph.If Borrower makes theao paymante diroctly.Borrower shall pmmptly furnish
<br /> to Lender seceipts evidencing the psymenta
<br /> Borrower s�ll promptly discharge any lien which h�s priority over this Security Instruma�t unless Borrower: (a)
<br /> agrees ise writing to the p�yment of the obliwtion exured bq the lia�in a maaner acaptable to I,ei�der,(b)coateats xn
<br /> _ �ood faitl�the liea by.or detea�s a,�aiast a►fonxment of tltie fien in,legal procoedings ahich in the Lender's ogiaion
<br /> , operate to praveat tt�eatorcemeat of the lieA;or (c)secures from the holder of the lien an agroemeat satisfa�0ory to
<br /> I,ender subordimtia�tho liea ta this Securitg�cstrument.Ii Leada deierrnines that anq part of tbe Property is subject
<br /> to a liea whict� miy attain peiority over thi�Socurity Instrument,Lender may�ve Borrower n mtice identifqing thc
<br /> lien.Borrower slull satisiy the li�a or uke one or naore of tha actions set torth abor•e within 10 daqa of the giving ot
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